A foreign tax credit prevents double taxation (taxation in both Australia and New Zealand) of the same income. It allows you to credit the tax paid overseas (in Australia) against your tax liability at home (in New Zealand). The credit acts like a deduction on your local taxes because you've already paid tax on the investment in Australia.

A foreign tax credit prevents double taxation (taxation in both Australia and New Zealand) of the same income. It allows you to credit the tax paid overseas (in Australia) against your tax liability at home (in New Zealand). The credit acts like a deduction on your local taxes because you've already paid tax on the investment in Australia.

This is not tax advice. We recommend you seek your own advice from a tax professional.

What is a Foreign Tax Credit?

How much Withholding Tax will I have to pay?

What are the tax implications?

What is Withholding Tax?

How will Withholding Tax be deducted?

Do I pay tax to the Australian Taxation Office or IRD?

How do I apply for a Foreign Tax Credit?

What type of information will I get to assist me in completing my tax return?

What if I have closed my Blossom account but still need access to my statements?

Can I have help preparing my Capital Gains Tax Statement?

Taxes

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Answers are general in nature only and do not take into account your personal objectives, financial situation or needs. Refer to the [PDSs](https://www.blossomapp.com/documents), [TMDs](https://www.blossomapp.com/documents) and [FAQs](https://www.blossomapp.com/documents) for further information.

What is a Foreign Tax Credit?

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What is a Foreign Tax Credit?

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